321 S Academy St

Opelousas, LA 70570

$277,900
Price
8
Beds
5,000 Sq. Ft.
$56 / Sq. Ft.
5,000
Sq. Ft.
$56
per Sq. Ft.
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Pending
Pending
Front View 5 Plex
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Description

Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential...Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential for growth is a significant advantage for savvy investors. The complex is located on a corner lot, providing not only visibility but also ample space for expansion. There's room to add additional units, further increasing your investment potential. Imagine the possibilities of developing more rental spaces to cater to the growing demand in the area! This apartment complex is not just a property; it's a stepping stone to greater financial growth. With its strategic location, under-market rentals, and expansion possibilities, this investment opportunity is one you won't want to miss!
  1. Listed by Toni L Effingger • RE/MAX Excellence
    P: (337)-793-5738 C: (337)-793-5738 teffingger@remax.net

Property Details for 321 South Academy Street

Subdivision Name
None
LISTING UPDATED: 05/12/2026 11:58 AM

Property Details for 321 South Academy Street

StatusPending
MLS #2020023979
Days on Market303
Taxes-
HOA Fees-
Condo/Co-op Fees$1,937 / month
Property TypeMulti Family
MLS TypeResidential Income / Townhouse
Year Built-
Lot Size0.44 AC / 19,166 SF
CountySt. Landry Parish
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Location

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Building Information for 321 South Academy Street

Stories-Residences5Year Built-Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

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$3,426 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,385

Property Taxes

$104

HOA Dues

$1,937

The Payment Calculator is for illustrative purposes only.

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Property Information for 321 South Academy Street

Summary
Location and General Information
  • City: Opelousas
  • Coordinates: -92.0754, 30.53085
  • Directions: I49 North exit Opelousas, go west on hwy 190 to Academy turn left. At the light on Academy and Vine the apartments will be straight ahead on the right of Academy facing Vine.
  • Latitude: 30.53085
  • Longitude: -92.0754
  • MLS Area Major: L2
  • Absolute Longitude: 92.0754
Parking
  • Attached Garage YN: Yes
  • Carport YN: No
  • Garage YN: Yes
  • Parking Features: Attached, Parking Lot
  • Parking Total: 11.0
Taxes and HOA
  • Tax Legal Description: 1 LOT (130.5X148.1) BLK 32 N VINE ST S HAYNES E ACADEMY ST W CYPRIANO ARDOIN FRONTING 130.5' ON VINE ST OPELOUSAS
  • Tax Lot: 2
School Information
  • Elementary School: Call School Board
  • Elementary School District: St Landry Parish
  • High School: Opelousas
  • High School District: St Landry Parish
  • Middle Or Junior School: Opelousas
  • Middle Or Junior School District: St Landry Parish
Property
Lot Information
  • Building Area Source: Owner
  • Building Area Total: 5000.0
  • Building Area Units: Square Feet
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.44
  • Lot Size Area: 19166.4
  • Lot Size Dimensions: 130.5 x 148.1
  • Lot Size Square Feet: 19166.4
  • Lot Size Units: Square Feet
Property and Assessments
  • Number Of Units Leased: 3.0
  • Number Of Units Total: 5.0
  • Number Of Units Vacant: 1.0
  • Occupant Type: Tenant,Unit 1(Tenant),Unit 2(Tenant),Unit 3(Tenant),Unit 4(Vacant)
  • Parcel Number: 0103228600
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Approximate Age / Env Hazard: 51 - 75 Years
  • Property Type: B
  • Mineral Rights: Conveyed
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Brick Veneer
  • Fencing: Chain Link, Full
  • Roof: Composition
  • Structure Type: Unit 1(Flat), Unit 2(Flat)
Interior Features
  • Appliances: Electric Range, Refrigerator, Electric Cooktop
  • Bathrooms Full: 4.0
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4.0
  • Bedrooms Total: 8.0
  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling YN: Yes
  • Flooring: Tile
  • Foundation Details: Slab
  • Heating: Other, Heat Unit(s)
  • Heating YN: Yes
  • Interior Features: Unit 2(Master Bedroom)
Multi Family
Income & Expenses
  • Gross Income: $2,050
  • Gross Scheduled Income: $2,650
  • Insurance Expense: $6,244
  • Maintenance Expense: $1,937
  • Net Operating Income: $21,750
  • New Taxes Expense: $1,451
  • Operating Expense: $10,500
  • Operating Expense Includes: Utilities
  • Professional Management Expense: $0
  • Income & Expenses: Current Monthly Income: $1,725
  • Income & Expenses: Current Occupancy %: $90
Rental
Rent Information
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: $2,025

Property History for 321 South Academy Street

DateEvent & SourcePriceAppreciation
Apr 12, 2026

Contract Signed

RAA #2020023979

—
Apr 12, 2026

Contract Signed

ROAM MLS #RA2020023979

—
Mar 3, 2026

Price Change

RAA #2020023979

$277,900—
DateEvent & SourcePrice
04/12/2026

Contract Signed

RAA #2020023979

—
04/12/2026

Contract Signed

ROAM MLS #RA2020023979

—
03/03/2026

Price Change

RAA #2020023979

$277,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 321 South Academy Street

Taxable ValueLand$5,590Additions$26,600Total$32,190
Tax Record2025$1,251 ($104 / month)
Home Facts
Lot Size19,327 SqFtStyleMulti-Family Res (5+ Units)CountySAINT LANDRYAPN0103228600

Schools near 321 South Academy Street

This home is within St. Landry Parish School District.
Rating
School
Type
Grades
Distance
Park Vista Elementary School
Public - PK to 4
Creswell Middle School
Public - 5 to 6
Opelousas Junior High School
Public - 7 to 8
Opelousas Senior High School
Public - 9 to 12
Rating
School
Distance
Park Vista Elementary School
PublicPK to 4

Creswell Middle School
Public5 to 6

Opelousas Junior High School
Public7 to 8

Opelousas Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Excellence

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.